Fee Simple

Fee simple is a legal term that describes the most complete ownership interest one can have in real estate. It means you own the property outright, with full rights to use, sell, or pass it on to heirs, subject only to government regulations like zoning laws. This ownership is indefinite, lasting until the owner chooses to transfer or relinquish it. In essence, fee simple provides the highest level of ownership rights and control over a property, making it the most common form of property ownership in the United States.